UK house prices fall unexpectedly in March

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The prices of the UK House were signed unexpectedly in March because the stamp tariff break ended, according to the NDDD Halifax, before the top rate of mortgages in April in the US tariff.

On Monday, the average home price from February to March has dropped by 0.5 percent, after the reduction of 0.2 percent in the previous month, the average cost has dropped to $ 296,699.

House price The increase of 2.5 percent from March last year, has been unchanged since February.

According to LSEG polling, this step is contradictory with the expectations of analysts, who predicted 0.1 percent a month and predict annual expansion.

Amanda Briden, the main of the mortgages HalifaxHe said: “The price of the house has risen in January because buyers rush to defeat the March stamp tariff deadline.

Stamp duty Holiday, which was launched in September 2022, was increasing rapidly in March, ended in March.

Purchase the house for First -time buyers Instead of £ 425,000, with the same change for the first-time non-customers, which is completed from April 1, will start paying tariffs on $ 300,000 or more than 425,000.

The declaration of import tariffs on US President Donald Trump on April 2 in the United States, persuaded global stocks to shake and reduce the rate of climbing, which shapes the mortgage rate given by ND donors.

The mortgage broker SPF SPF private clients Chief Executive Mark Harris said that if the rates were disappointed, “NDists could respond to the five -year -old fixed rate of ‘3’ against only one or two price currents below 4 percent.

He said: “It will help in the meantime and give buyers new confidence to take their moves.”

Financial adviser and 3 Wealth’s mortgage broker ridge owner says: “If the cost of adoption of orrow is reduced, the price of the house may seem reversal as the market activities increase.”

However, Ashley Web, a UK economist in the capital economy, said that ND donors will probably see a sharp decrease in market interest rates until the dust is fixed from US tariffs. ”

Halifax’s Briden expects a “modest growth” on home prices this year, helped to further reduce interest rate on the bank of England and wages are still accelerating.

However, he mentions that “potential buyers still face the limited supply of property available to choose higher orrow vomiting and challenges from an uncertain economic outlook”.

Halifax data has shown that Northern Ireland is recording the price growth of the most powerful annual property in any nation or region, an average of $ 206,620 in March has increased to 6.6 percent.

London looked at the slowest annual home prices in March at 8.5 percent and the average home price remained the most expensive market with $ 543,370.

Images Nationwide In March, the price of the house was suspended. BOE said last week that mortgage approval was slightly reduced in the first two months of the year.